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American Gaming & Electronics to Distribute & Service MicroTouch And Money Controls Products16 May 2000CHICAGO, May 16 (Press Release) -- Wells-Gardner Electronics Corporation (Amex: WGA - news) announced today that its wholly owned subsidiary, American Gaming & Electronics of Las Vegas, (AG&E) has signed contracts to distribute and service the products of MicroTouch (Nasdaq: MTSI - news) and Money Controls to casinos throughout North America. "We are delighted to distribute and service products for MicroTouch and Money Controls. MicroTouch has the overwhelmingly largest market share in the gaming industry for touchscreen products, while Money Controls has excellent products for the coin segment. With these additions, AG&E is one step closer to changing the business model for servicing the gaming industry," said Mark Komorowski, President of AG&E. "We expect to increase our sales by over $1.5 million on an annual basis." "This is another building block in our strategy to increase market share by expanding our product offerings to service the gaming market," noted Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "We are continuing to expand our distribution capabilities and expect to further increase our product offerings as well as open more locations." Founded in 1925, Wells-Gardner Electronics Corporation is a distributor and ISO 9001 certified manufacturer of color video monitors, video liquid crystal & plasma displays, coin doors, coin mechanisms and other related distribution products for a wide variety of markets including, but not limited to, gaming machines, coin-operated video games, leisure and fitness, automotive, display, intranet, medical, service and video walls. This press release contains certain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement as a result of many uncertain future factors. Wells-Gardner assumes no obligation to update the information contained in this release to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. A copy of its Annual Report and Quarterly Report can be obtained without charge by request to George B. Toma, Wells-Gardner Electronics Corporation, 2701 North Kildare Avenue, Chicago, Illinois 60639. For additional investor information, please call 1-800-336-6630 ext. 5670 or at www.wgec.com. About MicroTouch MicroTouch Systems, Inc., is the world's leading manufacturer of computer touchscreen display products incorporating the two most popular touch technologies—analog capacitive and resistive membrane—which the company applies in a variety of products, and markets under the ClearTek and TouchTek brand names. MicroTouch operates ISO 9001-certified manufacturing plants at its worldwide headquarters in Methuen, Mass. and at its European headquarters in Abingdon, England, and also maintains manufacturing facilities in Texas, Japan, Taiwan, and Australia, along with sales offices and distributors in more than 50 countries. MicroTouch also operates TouchStore.com, an Internet- based electronic commerce site devoted exclusively to the sale of touchscreen monitors and related products. Founded in 1982, MicroTouch reported sales of $157.5 million in 1999. The company's Web site is www.microtouch.com . |